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Tax Revenues Down Again in Kansas

KSAL StaffOctober 2, 2015

Kansas collected $31 million less in taxes than anticipated last month, a shortfall that could tighten the state’s budget picture.

The state Department of Revenue reported Thursday that the state took in $534 million in taxes, when its official fiscal forecast projected $565 million. The shortfall was about 5.5 percent.

Tax collections were almost equally as short of expectations in August, but the department attributed that month’s shortfall to larger-than-expected income tax refunds.

Since the fiscal year began in July, tax collections have been $67 million short of expectations, or about 4.7 percent off at about $1.37 billion.

Revenue Secretary Nick Jordan noted that taxes from oil and gas production failed to meet expectations in September because of fallen energy prices. He also said farm income has declined.

 

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